Union Pacific Corporation (NYSE:UNP) Shares Sold by Prosperity Consulting Group LLC

Key Points

• Prosperity Consulting Group LLC sold 3,438 shares of Union Pacific, reducing its holdings by 61.8% to 2,122 shares valued at approximately $501,000.
• Union Pacific recently declared a quarterly dividend increase to $1.38 from the previous $1.34, representing an annualized yield of 2.47%.
• Several analysts have upgraded Union Pacific's rating, with target prices now ranging from $250.00 to $285.00, reflecting a general bullish sentiment toward the stock.

Prosperity Consulting Group LLC decreased its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 61.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,122 shares of the railroad operator's stock after selling 3,438 shares during the quarter. Prosperity Consulting Group LLC's holdings in Union Pacific were worth $501,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Highline Wealth Partners LLC raised its holdings in shares of Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after purchasing an additional 59 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Union Pacific during the first quarter worth $32,000. EnRich Financial Partners LLC purchased a new stake in Union Pacific during the fourth quarter worth $31,000. Strategic Investment Solutions Inc. IL boosted its holdings in Union Pacific by 38.8% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock worth $39,000 after buying an additional 45 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its holdings in Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UNP. Stephens lowered their price target on shares of Union Pacific from $275.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Susquehanna dropped their target price on shares of Union Pacific from $260.00 to $257.00 and set a "positive" rating on the stock in a research report on Wednesday. Argus upgraded shares of Union Pacific to a "strong-buy" rating in a research report on Friday, May 16th. Evercore ISI dropped their target price on shares of Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a research report on Friday, July 25th. Finally, Morgan Stanley dropped their target price on shares of Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Union Pacific presently has an average rating of "Moderate Buy" and an average target price of $258.21.

Union Pacific Trading Down 1.2%

UNP stock traded down $2.66 during trading on Friday, reaching $219.31. 4,637,305 shares of the stock were exchanged, compared to its average volume of 4,972,172. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The business has a 50 day moving average price of $227.09 and a 200-day moving average price of $230.93. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $258.07. The firm has a market capitalization of $130.06 billion, a price-to-earnings ratio of 19.05, a P/E/G ratio of 2.16 and a beta of 1.06.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping analysts' consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the previous year, the firm earned $2.74 earnings per share. Union Pacific's quarterly revenue was up 2.4% compared to the same quarter last year. On average, research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a dividend of $1.38 per share. This is a boost from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, August 29th. Union Pacific's dividend payout ratio (DPR) is 46.57%.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.